Mortgage Rates Bounce off Record Lows

Current mortgage rates have bounced off record lows set earlier this week. Since bond yields are heading down again this morning you can expect mortgage rates to head lower over the weekend. Bond yields this morning on lower because stock index futures are lower. Current Dow futures are down 150 points signaling a sharply lower open. Today's mortgage rates on 30 year mortgages are averaging 4.10%, an increase from yesterday's average 30 year mortgage rate of 4.06%.

Today's mortgage rates on 15 year mortgage loans are averaging 3.34%, an increase from yesterday's average 15 year mortgage rate of 3.28%. 15 year mortgage rates are also off an all-time low of 3.18% set eariler this week.

Jumbo mortgage rates on 30 year home mortgage loans are averaging 4.50%, up from yesterday's average 30 year jumbo mortgage rate of 4.44%. 15 year jumbo mortgage rates today are averaging 3.81%, up from an average 15 year jumbo mortgage interest rate of 3.73%.

Adjustable mortgage rates on conforming 5 year adjustable mortgage loans are at 3.00%, up from an average 5 year adjustable conforming loan rate of 2.97%. 5 year adjustable jumbo mortgage rates are averaging 3.23%, up from an average 5 year adjustable jumbo rate of 3.19%.